Event Details:

The Future of Carbon in the Trump Era
Thursday, March 13, 2025
10:00am - 11:00am EDT

In just the first few weeks of the Trump administration, we have already seen a number of influential developments with the potential to shape the future of carbon markets—from the ongoing peace talks with Russia and a shifting global energy landscape to the US exit from the Paris Agreement and the easing of environmental regulations. At the same time, some of the world’s largest carbon markets, such as California’s cap-and-trade program, are closing in on a pivotal reform cycle, expected to introduce a major shift toward sharp annual supply deficits designed to drive prices higher and keep emissions reduction targets on track.

Join our conversation with Clayton Munnings, former California Air Resources Board (CARB) Economist and Co-Founder and CEO of Elevate Climate, Luke Oliver, KraneShares Managing Director and Head of Strategy, and Eron Bloomgarden, Partner at Climate Finance Partners (CLIFI), as they discuss:

• How the federal administration’s shifting policies affect state cap-and-trade
• The latest on California’s regulatory developments, auction results, and future timeline
• The impact of peace talks and stabilizing natural gas prices on European carbon markets
• Timing of the cap-and-trade lifecycle
• How the KraneShares Global Carbon Strategy ETF (Ticker: KRBN) fits within a portfolio

Investors can submit questions by emailing [email protected]

1 CFP/CIMA Credit Available